Meme Coin Surge
Meme coins like PEPE, SHIB, and DOGE have soared up to 26% in the past 24 hours, influenced by the growth of Bitcoin and Ethereum.
Traders are leveraging meme tokens as a proxy bet on Ethereum’s expansion, with bullish demand for ETH on the rise since mid-January.
Key Points:
- PEPE, SHIB, and DOGE jumped as much as 26% as ETH approached $4,000.
- Traders view meme coins as a way to benefit from the rise of Ethereum.
- Bullish demand for ETH increased in anticipation of a spot ETF approval in the U.S.
Expert Insights
Experts suggest that meme coins see a surge as Bitcoin and Ethereum prices rise, causing a